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20 Question 20 1 pts You have found the following historical information for DEF Company: Year1 Year 2 Year 3 Year 4 Stock Price $26.23
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Question 20 1 pts You have found the following historical information for DEF Company: Year1 Year 2 Year 3 Year 4 Stock Price $26.23 $27.3 $27.41 $28.2 EPS $2.64 $3.43 $3.88 $5.16 Earnings are expected to grow by 5.74 percent for the next year (Year 5). Using the company's historical average PE as a benchmark, what is the target stock price (in $) in one year? a Answer to two decimals Step by Step Solution
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